US employers waiting and watching before hiring
By | Associated Press – 2 hrs 34 mins agoRelated Content
FILE - In his Thursday, May 31, …
NEW YORK (AP) — Business has picked up. Yet American companies are too nervous to step up hiring.
The
economy seems so gripped by uncertainties that many employers have
decided to manage with the staff they have. They aren't convinced their
customer demand will keep growing. Or they worry that Europe's festering debt crisis could infect the global economy. Or they aren't sure what Congress will do, if anything, about taxes and spending in coming months.
All
that helps explain why U.S. employers added just 69,000 jobs in May,
the fewest in a year and the third straight month of weak job growth.
"If you're anxious, you sit on your hands," said Chad Moutray, chief economist at the National Association of Manufacturers.
The
U.S. government is also nearing its debt ceiling. It was just last
summer that a bickering Congress rattled markets by nearly allowing the
government to default on its debt.
State
and local spending levels are uncertain or shrinking as governments try
to shrink their own debts. The result is smaller budgets for schools,
transportation projects and services.
Companies also complain that changes in environmental regulations and business subsidies are too hard to predict and plan for. end quote from:
http://news.yahoo.com/us-employers-waiting-watching-hiring-165106062--finance.html
If you are an employer in the U.S. the main thing you want is to still be in business 20, 30, or 40 years from now. So, how do you do that? In extremely uncertain times like these worldwide, you stash money away, you buy back stock, you don't hire anyone unnecessarily. And if possible instead of hiring any permanent employees you hire Temporary employees from a Service so you don't have to give benefits to them. And you also get more technology because technology doesn't have babies, get married and leave their jobs, get ill or injured or any of the other potential problems that employees cause any business.
So, if you are any business serious about staying in business over decades and generations this is how you must think. Because if you don't think this way all your competitors are thinking this way and you soon will be put out of business by your competitors unless you think efficiently like this.
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